UltraTech Cement Ltd

₹ 6,716 0.16%
27 Jan - close price
About

UltraTech Cement is engaged in the manufacturing and sale of Cement and Cement related product primarily in India.[1]

Key Points

Manufacturing Capabilities
Co. has an installed capacity of 114 mtpa in India with a capacity utilization of 77%. [1]
It has 23 integrated plants and 27 grinding units, seven bulk terminals, two white cement and putty plants and over 100 ready mix concrete plants. Its operations span across India, the UAE, Bahrain, Bangladesh and Sri Lanka. No region accounts for more than 25% of sales. [2] [3]

  • Market Cap 193,866 Cr.
  • Current Price 6,716
  • High / Low 7,576 / 5,157
  • Stock P/E 33.9
  • Book Value 1,740
  • Dividend Yield 0.57 %
  • ROCE 14.6 %
  • ROE 14.9 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 21.7% CAGR over last 5 years

Cons

  • Stock is trading at 3.86 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Cement Industry: Cement - North India

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
9,979 10,360 7,374 10,019 11,831 13,966 11,477 11,548 12,471 15,168 14,715 13,482 15,008
8,193 8,098 5,418 7,466 8,886 10,453 8,305 8,948 10,249 12,225 11,786 11,766 12,863
Operating Profit 1,786 2,262 1,955 2,553 2,944 3,512 3,172 2,600 2,221 2,943 2,929 1,716 2,145
OPM % 18% 22% 27% 25% 25% 25% 28% 23% 18% 19% 20% 13% 14%
164 224 139 140 262 84 216 142 109 145 166 165 158
Interest 403 432 333 302 301 323 276 183 165 175 200 187 194
Depreciation 614 609 589 613 602 631 598 613 609 637 628 643 654
Profit before tax 934 1,445 1,172 1,778 2,303 2,643 2,515 1,946 1,556 2,276 2,268 1,051 1,456
Tax % 31% -101% 31% 32% 33% 33% 33% 33% -5% -8% 31% 32% 32%
Net Profit 643 2,906 806 1,209 1,550 1,778 1,681 1,300 1,632 2,454 1,554 718 994
EPS in Rs 22.28 100.70 27.91 41.88 53.71 61.58 58.24 45.04 56.52 85.01 53.83 24.89 34.44
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
13,160 17,630 19,383 19,384 21,911 23,709 23,891 29,358 39,999 40,649 43,188 50,663 58,373
10,494 13,482 14,707 15,566 17,716 19,082 18,922 23,475 32,920 31,997 32,224 39,727 48,640
Operating Profit 2,666 4,147 4,675 3,818 4,195 4,627 4,969 5,883 7,079 8,652 10,965 10,936 9,733
OPM % 20% 24% 24% 20% 19% 20% 21% 20% 18% 21% 25% 22% 17%
155 372 305 329 372 481 646 373 383 727 625 612 634
Interest 273 224 210 319 547 512 571 1,191 1,648 1,704 1,259 798 755
Depreciation 766 903 945 1,052 1,133 1,297 1,268 1,764 2,321 2,455 2,434 2,457 2,562
Profit before tax 1,783 3,393 3,825 2,776 2,886 3,299 3,776 3,302 3,492 5,220 7,896 8,293 7,050
Tax % 21% 28% 31% 23% 30% 28% 30% 32% 31% -5% 32% 15%
Net Profit 1,404 2,446 2,655 2,144 2,015 2,370 2,628 2,231 2,412 5,456 5,342 7,067 5,721
EPS in Rs 51.24 89.26 96.85 78.20 73.42 86.37 95.72 81.25 87.84 189.02 185.07 244.80 198.17
Dividend Payout % 12% 9% 9% 12% 12% 11% 10% 13% 13% 7% 20% 16%
Compounded Sales Growth
10 Years: 11%
5 Years: 16%
3 Years: 8%
TTM: 18%
Compounded Profit Growth
10 Years: 12%
5 Years: 22%
3 Years: 42%
TTM: -10%
Stock Price CAGR
10 Years: 14%
5 Years: 9%
3 Years: 14%
1 Year: -6%
Return on Equity
10 Years: 13%
5 Years: 13%
3 Years: 15%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
274 274 274 274 274 274 275 275 275 289 289 289 289
Reserves 10,392 12,586 14,961 16,823 18,583 21,357 23,666 25,648 27,634 38,008 43,064 48,982 49,937
4,145 4,153 5,409 5,199 7,414 8,250 6,240 17,420 20,637 18,282 18,314 10,776 11,361
5,184 5,932 6,766 7,457 8,943 8,409 9,100 11,030 20,725 15,239 18,749 20,615 20,469
Total Liabilities 19,995 22,945 27,409 29,754 35,215 38,291 39,281 54,373 69,271 71,817 80,416 80,662 82,056
11,400 11,634 13,122 15,872 20,947 22,688 23,232 37,211 46,637 46,775 45,466 45,577 46,349
CWIP 682 1,897 3,505 2,042 2,074 1,416 878 1,474 1,111 870 1,528 4,627 5,403
Investments 3,730 3,789 5,109 5,392 5,209 5,793 7,409 6,163 7,065 10,083 17,570 11,725 9,055
4,182 5,626 5,672 6,449 6,985 8,394 7,762 9,525 14,459 14,089 15,853 18,734 21,249
Total Assets 19,995 22,945 27,409 29,754 35,215 38,291 39,281 54,373 69,271 71,817 80,416 80,662 82,056

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
2,034 3,458 3,552 3,242 4,083 4,354 4,723 3,618 6,116 8,259 11,549 8,670
-1,542 -2,942 -4,282 -2,210 -1,879 -3,757 -2,365 1,897 -3,988 -3,951 -8,984 789
-431 -471 683 -897 -2,267 -582 -2,383 -5,501 -1,769 -4,591 -2,586 -9,501
Net Cash Flow 61 45 -47 135 -63 15 -25 13 360 -283 -21 -42

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 17 16 19 24 20 22 20 21 21 17 19 20
Inventory Days 386 293 295 262 282 209 202 242 207 204 180 220
Days Payable 335 293 273 269 159 145 155 173 162 162 205 228
Cash Conversion Cycle 68 15 41 18 143 86 66 90 66 59 -5 12
Working Capital Days -38 -9 -21 -7 -30 -59 -33 -26 -5 -1 -22 -4
ROCE % 19% 21% 20% 13% 13% 13% 14% 13% 11% 13% 16% 15%

Shareholding Pattern

Numbers in percentages

3 recently
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
60.04 60.04 59.91 59.97 59.96 59.96 59.96 59.96 59.96 59.96 59.96 59.96
16.48 16.10 15.30 16.80 17.28 16.58 16.48 15.74 14.03 13.12 14.06 14.11
14.15 14.59 15.38 14.10 13.74 14.39 14.51 15.15 16.39 18.16 17.30 17.40
0.07 0.07 0.08 0.08 0.08 0.05 0.05 0.05 0.05 0.05 0.05 0.05
9.18 9.12 9.26 8.98 8.87 8.95 8.91 9.00 9.48 8.62 8.50 8.35
0.07 0.07 0.07 0.07 0.07 0.07 0.09 0.10 0.09 0.09 0.14 0.13

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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